Productivity key to repaying the COVID-19 debt

Brendan Rynne & Michael Malakellis explain why driving productivity will be so important to restoring Australia’s prosperity.

Australia is in the middle of – hopefully – a once-in-a-generation health crisis that is causing a similarly unprecedented economic challenge. The Federal Government has responded well on both. The ‘save the furniture’ fiscal policy response will come with a gigantic bill, but the cost of inaction would surely have been significantly larger.Many are now querying the affordability of the policy response, which may yet need to be further expanded. With interest rates so low the interest bill is...

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Authors: Brendan Rynne, Michael Malakellis

Published Date: 29 April 2020